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₹263 - 263
Goel Construction Company Ltd
Infrastructure Developers & OperatorsIPOSME
₹263 - 263
We are construction contractors having experience in construction of industrial plants and infrastructure projects. Our primary focus and strength has been deeply rooted in construction of Cement Plant, Power Plant and Dairy Plant and other industrial plants. Our focus is on delivering construction services, ensuring quality, timely execution and adherence to project specifications. Our understanding of industrial construction requirements of our clients, our commitment to safety, and the ability to manage complex projects, fosters long term relationship with our clients. In the last three years we have successfully executed and delivered 18 projects with an aggregate Contract Value of Rs.1,03,320.40 lakhs, across various states in India. As on February 28, 2025, we have 14 ongoing projects across seven states in India, with an Order Book of Rs.48,861.97 lakhs.
Lot400Min Invest₹2,10,400Face Value₹10Issue Size₹100 CrFresh Issue₹81 CrOffer for Sale₹19 CrListing Price₹303CMP₹395
Timeline
2 Sept
Bidding opens
4 Sept
Bidding closes
8 Sept
Allotment
9 Sept
Refund & demat credit
9 Sept
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹100 Cr0.38 Cr shares
Fresh Issue₹81 Cr
Offer for Sale₹19 Cr
Face Value₹10
Lot Size400 shares
ReservationQIB 49.98% · NII 15.01% · RETAIL 35.01%
Application Sizes
Retail₹2,10,4001-1 lots
sNII₹2,10,400from 2 lots
bNII₹10,52,000from 10 lots
Managers & Registrar
Lead ManagerSrujan Alpha Capital Advisors LLP
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrPurushottam Dass GoelPRMTR1,28,0003.37Arun Kumar GoelPRMTR1,08,8002.86Naresh Kumar GoelPRMTR50,4001.33Nirmala GoelPRMTR22,0000.58Anuj GoelPRMTR45,6001.20Amit GoelPRMTR2,24,8005.91Ashwani GoelPRMTR37,2000.98Prem GoelPRMTR35,2000.93Vijay Kumar GoelPRMTR24,8000.65Gargi GoelPRMTR36,4000.96Kusum GoelPRMTR10,4000.27Total7,23,60019.03
Shareholding
CategoryPre IPOPost IPOPromoter Group97.7%72.09%Public2.3%27.91%
Objects of the Issue
- Capital expenditure towards purchase of additional equipments and fleets
- Repayment / prepayment of certain outstanding borrowings availed by the company
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 206 | 271 | 386 | 590 | 657 |
| Operating ProfitCr | 19 | 23 | 36 | 58 | 73 |
| OPM% | 9.0 | 8.7 | 9.4 | 9.8 | 11.2 |
| PBTCr | 14 | 19 | 30 | 51 | 62 |
| PATCr | 11 | 14 | 23 | 38 | 46 |
| EPS | 105 | 13 | 20 | 34 | 35 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 1 | 1 | 1 | 11 | 14 |
| ReservesCr | 56 | 70 | 92 | 120 | 240 |
| BorrowingsCr | 35 | 29 | 31 | 29 | 8 |
| Total AssetsCr | 123 | 205 | 220 | 265 | 455 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 21 | 24 | 48 | 38 | 63 |
| Investing Cash FlowCr | -13 | -37 | -36 | -33 | -101 |
| Financing Cash FlowCr | -3 | 7 | -1 | -5 | 45 |
| Net Cash FlowCr | 4 | -7 | 11 | 0 | 6 |
Strengths & Risks
Strengths · as stated in the DRHP
- Project management and execution capabilities.
- Long standing relationships with customer.
- Strong order book providing revenue visibility.
- Strong and consistent financial performance.
- Effective management of equipment and fleet.
- Experienced Promoters with strong management team.
Strategies · as stated in the DRHP
- Strengthening our Equipment and Fleet base.
- Diversify and optimise our project mix and cater to larger size projects.
- Further expand our geographical footprint.
- Capitalize on the strong industry tailwinds in the industrial construction sector.
Risks · as stated in the DRHP
- Our ongoing projects are exposed to various implementation risks and uncertainties and may be delayed, modified or cancelled for reasons beyond our control, which may adversely affect our business, financial condition and results of operation.
- Our Order Book may not be representative of our future results and our actual income may be significantly less than the estimates reflected in our Order Book, which could adversely affect our results of operations.
- We may not be able to compete and secure work order for projects we bid for, which could adversely affect our business and results of operations.
- We derive a significant portion of our revenues from a limited number of clients. The loss of any significant clients may have an adverse effect on our business, financial condition, results of operations, and prospects.
- We own, and rent equipment and fleet and mobilize such equipment and fleet at the beginning of each project resulting in increased fixed and operating costs to our Company. In the event we are not able to generate adequate cash flows it may have a material adverse impact on our operation.
- Our operations are subject to various operational risks that could expose us to material liabilities, loss in revenues and increase in expenses. We may also be subject to liability claims arising from defects in services provided by us.